Answer:
balance in sales returns account = $18200
Explanation:
given data
credit balance = $23,000
Sales = $680,000
cash collections = $720,000
returned = 4%
credit = $32,000
to find out
balance in the allowance for sales returns account
solution
we get here estimates for returns that is
estimates for returns = 4% of $680,000
estimates for returns = $27200
so
balance in the allowance for sales returns account will be express as
balance in the allowance for sales returns account = credit balance + estimates for returns - credit ....................1
put here value we get
balance in sales returns account = $23,000 + $27200 - $32,000
balance in sales returns account = $18200
Answer:
<u>Part(a) Differential analysis as at February 24</u>
Make (Alternative 1) :
Direct Materials $35.00
Direct labor $18.00
Variable Overheads $2.70
Fixed Overheads $0.00
Total Make Costs $55.70
Buy (Alternative 2) :
Total Purchase Cost $59.00
<u>(b) On the basis of the data presented, would it be advisable to make the carrying cases or continue buying them? </u>
It is clear that from comparison of the cost of Purchase and the Cost of Making the Carrying Cases, the Cost of Making the Carrying Cases is lower than the Cost of Purchasing the Cases by $3.30
It is thus advisable to make carrying cases instead of buying them
Explanation:
Total Make Costs;
The Factory fixed overheads are irrelevant to this decision hence they were ignored in the make cost calculations.
Answer:
See below
Explanation:
The computation of ending inventory is shown below;
But first we need to determine the average cost per unit.
Average cost per unit
= (476 units × $63 + 718 units × $66 + 365 units × $68) ÷ (476 units + 718 units + 365 units)
= ($29,988 + $47,388 + $24,820) ÷ (1,559 units)
= $102,196 ÷ 1,559
= $65.55
Now, the ending inventory unit
= 1,559 units - 1,195 units
= 364 units
Finally , the ending inventory
= $65.55 × 364 units
= $23,860
Answer:
D. An unaccepted offer.
Explanation:
The contract is an unaccepted offer because it was supposed to be signed either by, or on behalf of, Evelyn, but Evelyn neither signed the contract nor authorized Donald to sign for her, and she did not even ratified it in first place.
The contract is void.
Answer:
D
Explanation:
The aztecs were ancient/primitive
